Hony Capital-backed PizzaExpress reports like-for-like sales down 1.3% in the year to 26th June The group, which opened 18 news sites in the UK and acquired upscale pizza delivery chain Firezza in the period, grew total turnover 14.1% to £488m. EBITDA was also up 0.1% to £100.3m. Read more.
InterContinental Hotels announces five new Holiday Inn properties across Germany The hotels will be developed in three federal states across the country and reflect IHG’s successful expansion strategy in the German market. The group has 64 hotels in Germany and 33 in the pipeline, including 53 Holiday Inn brand family hotels open. Read more.
Brunello Cucinelli reports solid growth in profits for the first half of the year The Italian fashion brand, famous for its cashmere, confirms that net incomes, excluding non recurring costs, reached €17.9m and net revenues expanded 9.7% to €219.8m. Sales growth was strong in all major international markets. Read more.